BERMUDA MARKET ACCESS

Sentry Intermediaries Ltd. was incorporated as a licensed Bermuda broker in 1985. It is a wholly-owned subsidiary of QUEST. Sentry provides access to what has become a major center for worldwide business placements, the “Bermuda Market”. Bermuda, in addition to being the world’s largest captive domicile with over 1,500 insurance subsidiaries owned by national and multi-national corporations, can boast significant risk capacity, writing more than $ 100 billion in premiums backed by over $ 250 billion of assets.

BERMUDA’S EXCESS LIABILITY COMPANIES

The excess liability market in Bermuda has grown from a handful of companies offering complementary capacity and products into the largest high layer casualty market in the world. The market has been developing over the last 30 years and the range of innovative products is extensive. Together these companies can provide $ 750 million in limits. Minimum attachments points vary from as low as $ 5 million up to $ 100 million.

THE PROPERTY CATASTROPHE MARKET

The eight original property catastrophe reinsurers in Bermuda were established in 1992 following hurricane Andrew which caused a capacity crunch and sent rates spiraling. More companies were formed after 9/11 and Hurricane Katrina. Bermuda is now the third largest insurance market in the world and one of the world’s largest reinsurance markets.
 
OTHER CLASSES OF BUSINESS

The classes of business now insured/reinsured through the Bermuda market include: General Liability, punitive damages, product liability and/or recall, directors and officers, liability, errors and omissions, medical professional/healthcare, property, aviation, political risk, export credit insurance, kidnap and ransom, finite/structured risk, financial guarantee, weather risks and life reinsurance.